PMP certification pays off 35% higher: Survey
The median salary for project management professionals across industries was Rs 22.42 lakh, as per the PMI report ‘Earning Power: Project Management Salary’ Survey
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Hyderabad: For those who are looking to add value to them and get ahead by putting their career in the fast lane, the constant upskilling and prized independent certifications are a surefire way to show the organisation that they are ready for bigger challenges. The PMI Project Management Professional (PMP) certification is a globally recognised thing.
According to the PMI (Project Management Institute) report – ‘Earning Power: Project Management Salary Survey’ – the salary of a PMP-certified professional in India is a whopping 35 per cent higher than a non PMP certified professional .
Taking a smart choice on certifications is therefore a key to fast track the career. The survey conducted over 20,000 respondents across 21 countries shows that certified PMP professionals report considerable earnings increase in most countries. Furthe,r many survey respondents believe that obtaining a PMP certification has been valuable to their careers in addition to being a significant contributor to salary growth.
The data for India shows that the median salary for project management professionals across industries was $26,917 (Rs 22.42 lakh) per annum. Choosing a career where you can have steady progress is a goal for most professionals. The PMI survey shows that the annualised salary for Indian project management professionals having 15 to 20 years of experience is more than 2.5 times that of those with less than 3 years of practical work experience. This acts as an independent validation of the attractiveness of project management as a career choice for Indian professionals. This acts as an independent validation of the attractiveness of project management as a career choice for Indian professionals.
Interestingly certifications add differing levels of value depending on how far advanced is a career journey. The PMI Salary Survey indicates that the salary growth attributed to certification is highest up to 10 years of first being independently certified. Thereafter the contribution of certifications to salary growth drops as organisations tend to value delivery track record more by way of proof points.
